Anheuser-Busch InBev SA/NV (NYSE:BUD) Hits New 1-Year Low – Here’s What Happened

Anheuser-Busch InBev SA/NV (NYSE:BUD)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $52.25 and last traded at $52.25, with a volume of 19803 shares changing hands. The stock had previously closed at $52.53.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their target price for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Morgan Stanley upped their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Trading Down 0.8 %

The firm has a fifty day moving average of $58.45 and a 200-day moving average of $60.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The stock has a market capitalization of $93.67 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.68 and a beta of 1.08.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

A number of institutional investors and hedge funds have recently bought and sold shares of BUD. Addison Advisors LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after buying an additional 168 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in Anheuser-Busch InBev SA/NV by 9.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,375 shares of the consumer goods maker’s stock worth $157,000 after purchasing an additional 197 shares during the last quarter. First Personal Financial Services increased its stake in shares of Anheuser-Busch InBev SA/NV by 51.3% in the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after purchasing an additional 205 shares during the period. Sage Mountain Advisors LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 3.6% during the second quarter. Sage Mountain Advisors LLC now owns 6,035 shares of the consumer goods maker’s stock valued at $351,000 after buying an additional 209 shares during the last quarter. Finally, CHICAGO TRUST Co NA boosted its position in shares of Anheuser-Busch InBev SA/NV by 2.2% during the third quarter. CHICAGO TRUST Co NA now owns 10,165 shares of the consumer goods maker’s stock worth $674,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.